This is What Happened With Drake’s $1.3M Bitcoin Bet on the Super Bowl

The Canadian rapper Aubrey Drake Graham, popular among music fans as Drake, made a major $1.26 million bet worth of bitcoin on the Super Bowl match between the Los Angeles Rams (LA Rams) and the Cincinnati Bengals. He seems to have good prediction skills since he profited $300,000 after the referee’s final whistle.

Drake’s Bitcoin Bets

The Super Bowl’s match traditionally garners the attention of millions of Americans each year. Last night’s game was watched by over 90 million people in the USA alone. The bookmaking companies use the hype around it to offer all kinds of bets. Such unusual ones include: “What will the coin toss land on – heads or tails,” “Will a player propose after the game,” “Which crypto company commercial will air first,” and many more.

The renowned musician Drake did not bet on such bizarre events. Instead, he wagered around $472,000 on LA Rams to win the title, about $400,000 on Odell Beckham Jr. (OBJ) to catch a touchdown, and $400,000 on the footballer to have over 62.5 receiving yards.

The team from Los Angeles won by 23-20. Keeping in mind that the coefficient, Drake cashed out more than $240,000 worth of BTC. Additionally, LA Rams’ star OBJ caught the first touchdown in the match, bringing the rapper approximately $453,000 worth of the leading digital asset.

Unfortunately for Drake, Odell Beckham Jr. left the game with an injury in the fourth quarter and thus could not gain over 62.5 receiving yards. As such, simple math shows that the Canadian singer profited $300,000 worth of BTC from his Super Bowl predictions.

Entain Eyeing The Metaverse

Like many other businesses, sports betting companies have also set their sights on the cryptocurrency industry. Such an example is the international gambling organization Entain.

At the end of January, the British firm revealed it will invest $133 million to establish a global innovation lab focused on entertainment experiences in the metaverse. Specifically, it plans to fund start-ups and develop applications for non-fungible tokens (NFTs).

Entain’s Chief Executive Officer – Jette Nygaard- Andersen – said the firm’s innovation hub will be called Ennovate, and it should see the light of day in March this year. Partners in the initiative are the American telecommunications conglomerate – Verizon, the British telecom entity – BT, and the decentralized video delivery network – Theta Labs.

Entain is one of the biggest companies in the betting field. It owns brands like Ladbrokes, Sportingbet, bwin, Coral, and PartyPoker.

Featured Image Courtesy of Complex